Dubai announces region's biggest tourism project
The Dubailand Project was recently launched by Crown Prince of Dubai and United Arab Emirates (UAE) Minster of Defense General Sheikh Mohammed Bin Rashid Al-Maktoum. The new amusement complex is expected to increase tourism sector contributions to the gross domestic product GDP from 12 percent to 20 percent.
The project is expected to attract visitors from all over the world at all times of the year and is part of Dubai's Strategic Plan to transform the emirate into an international tourism attraction. The government is working on the infrastructure and the private sector will benefit from investment opportunities.
Dubailand will be built on a two billion square foot area and will include 45 main projects and 200 sub-projects. Overall investments are estimated to be more than 18 billion Emirati dirhams ($490 millin), excluding the cost of the infrastructure.
“The new project complements perfectly Dubai's Strategic Plans to add more depth to the tourism sector and contribute towards transforming Dubai into one of the internationally leading tourist destinations, thereby attracting 15 million tourists by the year 2010,” said Sheikh Mohammed said. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
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